Beijing: China's GDP growth target of around 5 percent for 2025 highlights the nation's confidence in its economic stability and commitment to high-quality development, according to a global consultancy executive. The policy measures, outlined in the government work report submitted to the National People's Congress, support China's economic transformation and create new opportunities for foreign enterprises, Denis Depoux, global managing director at Germany's strategy consulting firm Roland Berger, told Xinhua.
According to Namibia Press Agency, the government work report emphasized stabilizing foreign trade and encouraging foreign investment. Depoux described this pledge as a strong signal to foreign investors, assuring them of China's commitment to market openness and regulatory transparency. He stated that this move would enhance investor confidence and attract more international companies to establish a presence in the Chinese market.
Despite geopolitical uncertainties, Depoux noted that China remains an attractive destination for foreign investment, especially in sectors like industrial modernization, automation, software, and green technologies. He emphasized China's role as an essential part of global supply chains and a key market for innovation and long-term growth, citing the country's economic stability and leadership in digitalization and sustainability as crucial factors.
Depoux also remarked on the enduring economic ties between China and Europe, highlighting their mutual dependence for trade and investment. He pointed out Germany's long-standing role as a significant trading partner in Europe, with continued opportunities for collaboration in technological innovation, renewable energy, and green technology.
China, according to Depoux, has not only reinforced its status as a manufacturing powerhouse but has also emerged as a leader in digitalization, sustainability, and high-tech industries. He referenced China's advancements in artificial intelligence, highlighting companies like DeepSeek, which have made significant strides in reducing computing costs and enabling broader AI adoption.
Reflecting on China's 5-percent GDP growth in 2024, Depoux asserted that it demonstrated China's capability to navigate global challenges. He noted the country's ongoing structural transformation towards a high-value and innovation-driven economy, with the concept of "new quality productive forces" set to drive growth in 2025.
The government work report also underscored China's dedication to sustainability, with green and low-carbon development outlined as strategic imperatives. Depoux affirmed the Chinese government's commitment to decarbonization, viewing it as essential for both national development and global sustainability efforts.
Despite global economic uncertainties, Depoux expressed confidence in China's transition towards a sustainable and modernized economic model. He remained optimistic about China's resilience and capacity for innovation, suggesting that the nation's growing influence in the global economic landscape will continue to create opportunities for international businesses.